Which of the following situations depicts a closed shop?
a. Bruce’s application at Work Co. was rejected because he is a union member.
b. The Work Co. job was open only to active union members in good standing.
c. After a recent round of hiring, all the positions at Work Co. had been filled.
d. Shift workers at Work Co. auto supply voted against joining the union.
b. The Work Co. job was open only to active union members in good standing.
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Excessive volatility refers to the fact that
A) stock returns display mean reversion. B) stock prices can be slow to react to new information. C) stock price tend to rise in the month of January. D) stock prices fluctuate more than is justified by dividend fluctuations.
If one day a terrible disease were to wipe out over one-half of the world's lime trees, which of the following would likely result?
A) The supply curve of lime juice would shift downward and to the right. B) The supply curve of lime juice would shift upward and to the left. C) The demand curve for lime juice would shift to the right. D) The demand curve for lime juice would shift to the left.
The "axiomic" view of bargaining is the
a. Strategic view of bargaining b. Non-strategic view of bargaining c. All of the above d. None of the above
Given the following hypothetical data where C = $3,000; I = $1,200; G = $2,000; X ? M = ?$500; depreciation = $200; transfer payments = $800, net domestic product is _____
a. $5,500 b. $5,700 c. $6,200 d. $6,400 e. $6,900